29 December 2013

Dubai/Abu Dhabi Residential Property Price Indices: November 2013 Results

December, 2013

Dubai Residential Property Price Indices: Sales Price Indices
Residential property prices in Dubai housing market performed well in November 2013. The Dubai Residential Property Sales Index for all residential increased by 5.8 points, from 239.5 to 245.3, which represents an increase of 2.44% mom. On the other hand, prices increased 22.4% yoy.

Apartment sales prices registered an increase in November 2013. Prices increased 2.90% mom and 24.5% yoy.

Villa sales prices registered an increase on a mom basis in November 2013. Prices increased 0.73% mom and 14.9% yoy.

Dubai Residential Property Price Indices: Rental Price Indices
Residential property prices in Dubai rental market increased by 1.20 points, from 89.10 to 90.30, which represents an increase of 1.33% mom in November 2013. On the other hand, rental prices increase 16.6% yoy.

Apartment rental prices show an increase on a mom basis in November 2013. Prices increased 1.37% mom and 17.6% yoy.

Villa rental prices registered an increase in November 2013. Prices increased 1.11% mom and 12.6% yoy.

Abu Dhabi Residential Property Price Indices: Sales Price Indices
The Abu Dhabi Residential Property Price Index for all residential increased by 1.50 points, from 75.00 to 76.50, which represents an increase of 1.96% mom in November 2013. On the other hand, prices increased 19.70% yoy.

Apartment sales prices registered an increase in November 2013. Prices increased 1.77% mom and 21.00% yoy.

Villa sales prices registered an increase in November 2013. Prices increased 2.04% mom but increased 16.50% yoy.

Abu Dhabi Residential Property Price Indices: Rental Price Indices
Residential property prices in Abu Dhabi rental market increased by 0.50 points, from 62.10 to 62.60, which represents an increase of  0.88% mom in November 2013. On the other hand, prices increased  3.70% yoy.

Apartment rental prices increased 1.73% in November 2013 compared to October 2013 and increased 9.00% compared to November 2012.

Villa rental prices increased 0.63% in November 2013 compared to October 2013 and increased 4.60% compared to November 2012.

Read the full report here